SBM will have certain options to acquire the vessel during the bareboat charter period, with the first option exercisable after five years.

The DSCV SBM Installer is a multi-purpose Diving Support and Construction Vessel, based on the MT-6024 design from Marin Teknikk in Norway and built to DNV rules and international regulations.

Built by Keppel Singmarine in Singapore in 2013, the vessel features the patented ‘double-deck’ design which improves safety as well as providing significantly more deck space. The vessel is equipped with a class III DP system as well as a fully integrated 12-man saturation diving system capable of operating in up to 300 metres of water.

A 250 tonne knuckle boom crane and 150 tonne winch will enable the vessel to carry out offshore construction and installation work in water depths of up to 1,500 metres.